Bitcoin Drops by $1000 in 48 Hours

Bitcoin ended its uptrend last Friday as the popular cryptocurrency slid down by more than 5% within the day, dropping to $6,800 on the Luxembourg-based Bitstamp exchange.

The currency recovered to $6,870 20 minutes after the dip. This is, however, still a significant drop from a high of $7,888 last Wednesday. It is said that the peak was prompted by the suspension of the planned software upgrade that could have resulted in a split of the cryptocurrency.

Meanwhile, the Coinmarketcap website reported that Bitcoin Cash saw a surge of 35% on the same day, putting its value at $850. The cryptocurrency is the result of the August 1

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